Home foreclosure activity in the U.S. fell 1 percent in April

05/15/2014 3:23 PM

06/03/2014 10:17 AM

Foreclosure activity across the United States fell 1 percent in April from the previous month as banks scheduled fewer auctions even as they reclaimed more homes, a report from RealtyTrac said Thursday.

The latest drop brought foreclosure activity, which includes foreclosure notices, scheduled auctions and bank repossessions, 20 percent below its year-ago level. It was the 43rd consecutive month that foreclosure activity was down on an annual basis.

According to RealtyTrac, which tracks and compiles housing market data, 115,830 homes were at some stage of the foreclosure process last month. On the eve of the economic downturn in 2006, foreclosure activity was running at about 85,000 properties a month. U.S. foreclosures peaked at 2.9 million properties with filings in 2010.

Florida, with one in every 400 homes facing foreclosure, continued to have the highest rate in the nation, followed by Maryland, Delaware and Indiana.

In Kansas, the foreclosure rate was down nearly 7 percent in April from March and down about 24 percent from a year earlier, RealyTrac said. There were 411 properties in some stage of foreclosure statewide in April.

The home foreclosure rate in Missouri in April was down 17.4 percent from March and down nearly 16 percent from April 2013. There were 1,326 homes facing foreclosure actions last month.

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